GBP, AUD and DXY update

British pound is still loyal to the blue channel. The next hit on the support will be the fourth one and that's the one to be cautious about. It is still trying to break into the red channel's previous broken support. If that happens, the next target is the 4 year broken orange support around 1.58. 

Dollar index's perfect red channel is still in charge. The price is at the support of an inner resistance line and support of a hypothetical blue rising channel. Another hit at the lower band of the red channel would be a good level to go long.

I like the Aussie dollar here. The prices have bounced strongly since my previous post. I had given the orange resistance and green support from 2011 as a turning point. There was a fake breakout below the orange resistance yesterday and I reckon a lot of stop losses were hit right there which is the cause of this recent bounce. After the red declining channel is broken I will be looking for a new rising channel to be established. In case the prices fall below 0.9380 again, that would be a big game changer for all markets. I marked that important support in the second chart. Hope it helps.